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As $2 billion-plus software company Wix lays off 1,000 employees; CEO Avishai Abrahami says in memo: I am confident it is the right decision, and ...
Wix, the Israel-based website building giant is cutting around 20% of its workforce which is around 1,000 employees as part of a restructuring plan aimed at adapting to the fast evolution of artificial intelligence and currency headwinds. As reported by Business Insider, in a message to the staff shared on social media platform X (formerly known as Twitter) Wix CEO Avishai Abrahami called the decision one of the hardest he has made but insisted it was necessary.
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ynetnews.com
Wix CEO confirms massive layoffs: ‘We had no choice’
Avishai Abrahami says Wix had no choice but to cut 1,000 jobs, about 20% of its workforce, citing dollar-shekel pressure, AI restructuring and the need to flatten management
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cryptobriefing.com
Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the website builder
Wix is cutting 1,000 jobs, about 20% of its workforce, as AI automation reduces demand for development roles and the stock slides nearly 50% in 2026.
